United Engineers

Re: United Engineers

Postby ichew » Tue Feb 15, 2011 11:09 pm

http://info.sgx.com/webcoranncatth.nsf/ ... penelement

UE E&C, an established M&E engineering and construction company, launches S$33.6 million IPO on SGX Mainboard
• Offers 70 million shares at S$0.48 per Offering Share
• Plans to expand its business in Singapore and overseas
• SGX Mainboard-listed United Engineers Limited will continue to have majority control of UE E&C immediately post-listing
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Re: United Engineers

Postby ngcheeki » Tue Mar 01, 2011 5:24 pm

ngcheeki wrote:As for the dividend for this year, I think it'll be at most 10 cents to 12 cents since the company need money to repay their debts as well as for working capital e.g. development
of the OCBC land @ orchard road etc.

vested.


UE FY2010 result is finally out. Diluted EPS is 59.1 cents and 11 cents of dividend. NAV is now $3.98 versus $3.43 (2009). Total Earning attribute to shareholders is $186 million but out
of this $48 million is due to revaluation of investment asset gain.

See the following for more detail:
http://info.sgx.com/webcoranncatth.nsf/ ... penelement
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Re: United Engineers

Postby ngcheeki » Tue Mar 01, 2011 9:13 pm

Correction, the dividend is only 10 cents instead of 11 cents announced earlier.

http://info.sgx.com/webcoranncatth.nsf/ ... penelement
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Re: United Engineers

Postby winston » Wed May 11, 2011 8:34 am

Not vested

UNITED ENGINEERS - Singapore's United Engineers said on Tuesday its first quarter net profit rose 6 percent year-on-year to S$29.9 million, helped by the sale of the remaining 58 units in UE Print Media Hub, one of its properties in the city state.


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: United Engineers

Postby Chinaman » Thu Feb 02, 2012 9:34 am

UE: Could be some good news coming out. UE is slowing climbing up.
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Re: United Engineers

Postby winston » Mon Feb 27, 2012 2:12 pm

not vested

Shares of construction and engineering firm UE E&C Ltd surged as much as 22 percent to a record high after it posted strong earnings and said it would pay an attractive dividend.

By midday, UE E&C shares were 15.6 percent higher at S$0.52 with over 7 million shares changing hands. This was about 22 times its average daily volume over the last five sessions.

UE E&C said its net profit last year more than doubled to S$64.5 million, and it will pay a final dividend of 6 Singapore cents a share, implying a yield of 13 percent over its last traded price of S$0.45 on Friday.

Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: United Engineers

Postby winston » Wed May 16, 2012 8:48 am

not vested

United Engineers said its first quarter net profit fell 50 percent to S$9.7 million from a year ago, hurt by the absence of revenue from property development and a one-off sale of its unit UE Print Media Hub.

Source: Reuters
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Re: United Engineers

Postby behappyalways » Sat Mar 01, 2014 11:23 am

FY2013
http://infopub.sgx.com/FileOpen/Q4_2013 ... eID=276946

Took a glance at the FY2013 results.....Looks kinda bad to me......(maybe that's that why Jackson left.....which is why no replacement after his 'planned' retirement)

Profit increased was due to divestment gain. Interest expense of $32m with debts of $2.9b. That's about 1% interest. Most probably interest expense will rise significantly in FY2014 and eats into the P/L.

My guess is UE will probably have lower profit this year and maybe close to breakeven or loss....Just a guess.

They need to cut down on debts fast.....
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Re: United Engineers

Postby behappyalways » Thu May 29, 2014 9:40 pm

Notice some accumulation in this counter and in a smaller way UE E&C too. The accumulation of UE has been on-going for quite some time before the 1Q result and when the result came out, the buyers kinda muted for a while then now they are back. Seems strange to me because UE at present is not really a good buy in a short term because of debts load and restructuring going on. But someone is buying.....maybe Straits Trading who bided for WBL. With UE price falling due to the takeover of WBL, maybe it is going for the 'parent' instead since it owns WBL, its initial target.
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Re: United Engineers

Postby behappyalways » Fri May 30, 2014 5:22 pm

After 5pm someone bought up a few hundred lots to close 2 cents up


behappyalways wrote:Notice some accumulation in this counter and in a smaller way UE E&C too. The accumulation of UE has been on-going for quite some time before the 1Q result and when the result came out, the buyers kinda muted for a while then now they are back. Seems strange to me because UE at present is not really a good buy in a short term because of debts load and restructuring going on. But someone is buying.....maybe Straits Trading who bided for WBL. With UE price falling due to the takeover of WBL, maybe it is going for the 'parent' instead since it owns WBL, its initial target.
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